Feb 23, 2024
Husband 'made millions' by eavesdropping on BP wife
The husband of a BP employee has been charged with insider trading in the US following claims he overheard details of calls made by his wife while working from home. The US Securities and Exchange Commission alleged Tyler Loudon made $1.76m in illegal profits. His wife - a mergers and acquisitions manager at BP - worked on the oil giant's takeover of TravelCenters. The SEC said that without his wife's knowledge, Mr Loudon purchased 46,450 shares of TravelCenters stock before the deal was made public in February last year. During the pandemic, when many employees were unable to work in the office, UK regulator the Financial Conduct Authority warned about managing insider trading risks when working from home.
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